There are several benefits associated with pre-settlement funding in Washington state:
You get cash now—When you file a lawsuit against an individual or business, it often takes months or even years for your case to settle or go to trial. During this time, you still need money for day-to-day expenses like food and rent. With pre-settlement funding, you get cash up front so that you don’t have to worry about making ends meet during the legal process.
You don’t have to repay anything if you lose—If your case goes nowhere and fails to settle or win at trial, then you won’t owe anything back for the advance on your settlement/judgment award that you received from pre-settlement funding. That means no more worries about repaying loans or missing payments while waiting for justice!
No credit checks required—Since this type of loan is based on future earnings rather than current credit history, lenders do not look at credit scores when considering applications for pre-settlement funding; they simply assess risk based on the merits of each case.